This Bel-Air estate listed for $400 million.

Simon Berlyn

Los Angeles’s tony Bel-Air neighborhood is now home to the most expensive residence ever publicly listed in the U.S. Priced at a staggering $400 million, what’s known as the Crown Jewel of Los Angeles is proof that the global ultra-luxury real estate market continues to climb. If sold for its asking price, it will shatter the national price record.

The eight-acre parcel sits on a promontory overlooking the prestigious Bel-Air Country Club, downtown L.A., the Pacific Ocean, and the surrounding canyon with 360-degree panoramic views, and is located on a uniquely flat lot. The estate has ties to Qatar’s royal Al-Thani family, according to The Wall Street Journal. Agent Jack Harris of the Beverly Hills Estates, who is co-listing the property with Michael Fahimian, tells Forbes that the current owners invested more than $350 million into the property over the course of a decade and spent eight years living there after it was completed in 2018. Harris says the current owner purchased the main parcel in 2010 for $35 million and acquired nearby land over time to shape what is now one of the country’s most impressive trophy properties.

Renowned architect Peter Marino was tapped to design the sprawling compound, with construction by Peter McCoy. It spans 70,000 square feet of living space across the main residence and guest house, with 39 bedrooms, 59 bathrooms, three pools, and amenities even five-star hotels might not have. As far as legacy estates go in L.A. and across the U.S., this record-breaking property on Chalon Road wasn’t built with the intention of being sold, Fahimian says, but rather designed to be thoughtfully lived in.

"The owner spent well over $70 million on land costs alone," he continues. “And then he decided to build a generational estate with no budget in mind and no timeline in mind. He really gave carte blanche to the architect, designer, and builder.”

The main residence spans roughly 50,000 square feet and has 10 bedrooms and 13 staff bedrooms, while the 30,000-square-foot guest house has six bedrooms and 10 staff bedrooms with its own gym and pool. Interspersed throughout the verdant property is an outdoor dining pavilion, pool cabanas, and designated security structures. In the ultra-luxury market in the U.S., where collecting superlatives or world records dictates blueprints, the design here was a bit more deliberate, seen through the highly curated and well-sourced materials, like bespoke tiling, hand-stitched leather embossed along the walls of the gym, and powder rooms outfitted in European stone that most would reserve for a primary bathroom. In L.A., you’ll find the world’s most prestigious real estate, architecture, and addresses, but at this $400 million estate, the differentiators live both in the details and scale. Even the entrance feels regal, with a dramatic 1,500-foot-long driveway, lined with manicured hedges and imported plants that shroud you from outside distractions.

Like a five-star resort, the compound has an array of amenities like a full spa, hot and cold plunge pools, sauna, massage suites, a salon, a luxury gym, and Pilates studio; an art storage room; safe rooms; and an X-ray machine for personal doctor’s appointments. Outside is a pool house, tennis court, and tennis pavilion.

It might be the highest-priced public listing in the U.S., but it’s yet to be seen if it will sell for asking. Still, the Bel-Air estate’s price well exceeds some recent record-breaking listings in the U.S., such as a $300 million property in Aspen, Colorado, and a $237 million property in Key Biscayne, Florida, featured in 'Scarface.' This isn't the first property with an aspirational price tag. The One, a lawsuit-laden spec home by developer Nile Niami, ambitiously sought $500 million before the price fell to $295 million and ultimately sold at auction in 2022 for $141 million to Fashion Nova CEO Richard Saghian.

Knight Frank's The Wealth Report 2026 found that the ultra-high-net-worth market in the U.S. is growing, and in the last five years, the U.S. minted 41% of all new UHNWIs globally. Despite L.A.'s ULA tax and billionaire tax, Nick Segal of Carolwood Estates in Beverly Hills says in the report that though demand has dampened in the short term, L.A. will continue to remain one of the most important super-prime markets.